516, Merano Tower
Sold prices and rental history: sold once, by the developer in July 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Merano Tower
What is 516 worth today?
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Source: Dubai Land Department. Updated 18 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 662 sqft
- Floor
- 5th of 29
- Parking
- B3-028
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,600 /yr
- Last sold
- AED 727K · July 2020
- Building
- Merano Tower
About 516, Merano Tower
516 is a one-bedroom apartment of 662 sqft on the 5th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 2 July 2020 for AED 727,000, or AED 1,097 per sqft, 32% below the AED 1,609 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 18 May 2025, is AED 75,000 a year: a gross yield of 10.3% on the 2020 price, before the service charge of about AED 12,600 a year.
Sales and rents for 516 over time
516 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Merano Tower, and where 516 sits
All 383 1-beds →516 last sold in July 2020 at AED 1,097 per sqft, 32% below what one-beds in Merano Tower were fetching at the time (AED 1,609). Over the last 12 months one-beds sold for AED 980,000 to 1,200,000, around AED 1,597 per sqft, and rent for AED 66,000 to 126,000 a year. 516's AED 75,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 668 sqft | 1,100,000 | 1,645 | ||
| 4 Feb 20264 February 2026 | 664 sqft | 1,170,000 | 1,762 | ||
| 22 Jan 202622 January 2026 | 644 sqft | 1,200,000 | 1,863 | ||
| 15 Jan 202615 January 2026 | 668 sqft | 1,100,000 | 1,646 |
Merano Tower
Building574 apartments, studios to 3-bed over 29 floors in Business Bay, completed in 2020 by DAMAC. 16 sold in the last 12 months.
- Typical price per sqft
- AED 1,571 Down 2.3%
- Typical sale
- AED 1.19M
- Typical rent
- AED 80K /yr
- Typical yield
- 7.9%
Other units on the 5th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 154 sqft | AED 965KAED 964,800 · Nov 2016November 2016 | 48,203 /yr | |
| 502 | 1-bed | 670 sqft | AED 738KAED 737,639 · Sep 2020September 2020 | 90,000 /yr | |
| 503 | 1-bed | 670 sqft | AED 1.08MAED 1,076,000 · May 2020May 2020 | 80,000 /yr | |
| 504 | Studio | 398 sqft | AED 632KAED 632,000 · Jun 2020June 2020 | 60,000 /yr | |
| 505 | 1-bed | 669 sqft | AED 1.06MAED 1,061,000 · Oct 2017October 2017 | 78,000 /yr | |
| 506 | Studio | 331 sqft | AED 660KAED 660,000 · May 2023May 2023 | 54,325 /yr | |
| 507 | 1-bed | 668 sqft | AED 1.02MAED 1,022,607 · Jun 2016June 2016 | 68,250 /yr | |
| 508 | 1-bed | 771 sqft | AED 1.05MAED 1,050,000 · Jul 2025July 2025 | 60,000 /yr | |
| 509 | 1-bed | 635 sqft | AED 1.01MAED 1,014,400 · May 2017May 2017 | 69,242 /yr | |
| 510 | 1-bed | 644 sqft | AED 959KAED 958,579 · Jun 2016June 2016 | 70,000 /yr | |
| 511 | 1-bed | 644 sqft | AED 1.05MAED 1,050,624 · Jun 2016June 2016 | ||
| 513 | 2-bed | 891 sqft | AED 1MAED 1,000,000 · Nov 2020November 2020 | 115,000 /yr | |
| 514 | 2-bed | 956 sqft | AED 1.51MAED 1,508,800 · Jul 2016July 2016 | 105,000 /yr | |
| 515 | 2-bed | 991 sqft | AED 1.45MAED 1,450,000 · Oct 2023October 2023 | 110,000 /yr | |
| 517 | 1-bed | 668 sqft | AED 1.06MAED 1,057,000 · Aug 2018August 2018 | 78,000 /yr | |
| 518 | 1-bed | 668 sqft | AED 732KAED 732,000 · Aug 2020August 2020 | 80,000 /yr | |
| 519 | 1-bed | 668 sqft | AED 1.09MAED 1,085,000 · Nov 2023November 2023 | 82,500 /yr | |
| 520 | Studio | 334 sqft | AED 589KAED 589,000 · May 2017May 2017 | ||
| 517A | 1-bed | 753 sqft | AED 1.08MAED 1,075,000 · Aug 2023August 2023 | 60,000 /yr |
516, Merano Tower in numbers
- Sold once: by DAMAC on 2 July 2020 for AED 727,000, or AED 1,097 per sqft.
- Rented since September 2020 on 5 Ejari contracts, from AED 42,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2020 price is 10.3%, before a service charge of about AED 12,600 a year (AED 19.02 per sqft).
- One-beds in Merano Tower sold for AED 980,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,571 per sqft.
Source: Dubai Land Department. Updated 18 May 2025.
Questions about 516, Merano Tower
What did unit 516 last sell for?
AED 727,000 on 2 July 2020, sold by the developer: AED 1,097 per sqft for 662 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 75,000 a year on the contract renewed on 18 May 2025. The previous contract, from May 2024, was AED 70,000; the unit has been rented since September 2020.
How big is unit 516?
662 sqft (61.5 sqm): a one-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Merano Tower sold for AED 980,000 to 1,200,000 in the last 12 months, around AED 1,597 per sqft.
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Mortgage on 516, Merano Tower
Starts from the last sale price (AED 727K, 2 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 727,000
- Deposit, UAE resident (20%)
- AED 145,400
- Deposit, non-resident (40%)
- AED 290,800
- Monthly over 25 years at 3.7%
- AED 2,974
Plus AED 35,544 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →